Styles Alignment Cipboud 626 =E26F26 Share Paste JOB Job Order Casting aboard Job No 8958 N Nutt Products Job Cost Sheet Direct Materials Quantity 965 M65 157 M63 785 Cost/Unit 202 1.05 8 5 20 Total Total $1.949.30 $824.25 $2.556.00 $5.329.55 30 Direct Labor Ticket 948-992 2112 2119 Rate 725 Total $4,748.75 $542.50 $5.291.25 875 Total Applied Factory Overhead cost 28828898X3NXONBARE DL hours DL cost 655 XXOOX XXXX 542.50 $2.620.00 949 38 16 Total $3,569.3B w (1) Total Factory Cost Total $14.190.18 Job Order Probem Job Order 1958 Job Order 1961 Job Order 1962 Job Order 1963 Job Order 1964 Job A Xu o Spare AutoSave OP D E Lesson #10 - Product Costing - Doan Nguyenals - Compatibility Mode - Saved He Home Insert Page Layout Formulas Data Review View Help - 12 AA Weap Text General - Copy Conde BIR O -A E Merge & Center - $ -% 8-8 10 3 Format Painter Format Opboard Number Nut Products manufactures screws and bolts made to customer specifications. During August, Nut A B C D E F GHI 1 Nut Products manufactures screws and bots made to customer specifications. During August, Nutt incurred 2 the following manufacturing costs: 3 Direct Materials, $28,019 4 Direct Labor, $15,276.75 5 Applied factory overhead, $9,854.50 6 The folowing data pertain to these costs 8 Summary of Direct Materials Requistions 9 Dept. No. Job No. Req. No. Quantity Cost per Unit 8961 M 661 2,675 $ 8962 S M671 125 S 18.78 8963 M68r780 S 829 8981 M69 280 S 5.72 8963 SM7095 $ 22 07 1 8964 M71r 2,945 $ 324 PREN Summary of Direct Labor Time Tickets 18 Dept. No. Job No. Ticket Nos. Hours Rate per Hour 8961 1056-1166 770 S 7.25 8962 1167-1173 5 0 $ 7.25 8962 2121 2130 92 $ 8.75 8963 1174-1189 1 78 S 725 8963 2131 2134 4 4 $ 8964 1190-1230 945 $ 875 725 26 The overhead application rates are 54 per direct labor hour for Dept 1 and 175% of direct labor cost for Dept. 2 28 Nust had no beginning work in process for August 29 Job 8958. Cost $14, 190 18 to manufacture, was completed in July and sold on account in August for $19.000 30 The job cost sheet for Job 8958 is shown on the next worksheet (Job Order 8958) 31 Job 8961- Began in August and was completed and sold on account for $24,000 32 Job 8962 & 8964-Began in August and was completed but not sold in August 33 Job 8963 - Began in August and was still in process at the end of August. O Type here to search Order 1961 Job Order 1962 Job Order 8963 Job Order o bo DOX Er $ - % Alignment G Number Clipboard 10 1 Prepare six summary journal entries for the mont of August 2. 1) Cost of direct materials used 7 2) cost of direct labor 10 12 3) cost of applied overhead 13 17 4) cost of jobs completed 22 5) cost of goods sold ed 4 27 6) total sales on account 30 31 ... . Ready Job Order 8958 Job Order 8961 Job Order 8962 Job Order 8963 Job Order 89 Ready
